NCR Expands Digital Banking Platform with Terafina Acquisition

Financial software developer NCR has announced that the company has officially purchased Terafina, a digital solution provider for customer account opening and onboarding across digital, branch, and call center channels.

Terafina’s solutions will be integrated into customer onboarding experience using the NCR Digital First platform. NCR believes that the acquisition of Terafina will drive revenue growth across consumer and business market segments, strengthen customer service, and increase the number of products which a customer will open.

“Terafina has been a partner of ours and is already up and running, integrated with our Digital Banking platform”. said Michael D. Hayford, President and CEO, NCR Corporation. “We know this adds value for our clients by making digital account sales, marketing and onboarding easier, so they can provide a superior experience for customers.”

NCR’s business strategy has focused on acquiring smaller software companies to expand on product capabilities, making the recent purchase of Terafina a logical decision for the company’s growth.

“We are very excited to combine with NCR’s Digital Banking business, which we believe is one of the largest and clearly one of the leading innovators in the marketplace,” said Meheriar Hasan, Founder & CEO, Terafina. “Terafina is looking forward to take what we’ve built and see it grow together with NCR.”

Edited by Maurice Nagle